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I will not get into the debate about the litigation regarding real estate commissions. I’ll leave that to the lawyers.— Steve Harney (@SteveHarney) October 13, 2023
However, in the midst of all the uproar, there is an underlying justification I am very uncomfortable with. That is the assumption that real estate…
How much commision do real estate agents get
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How much do real estate agents take in commission
Discover how much real estate agents take in commission in the US. This expert review provides informative insights into commission rates, regional variations, and the factors affecting these fees.
Real estate transactions often involve the expertise of a professional who can guide buyers and sellers through the complex process. These professionals, known as real estate agents, provide valuable services in exchange for a commission fee. In this comprehensive review, we will delve into the intricacies of real estate agent commissions in the US, exploring regional variations, factors influencing these fees, and the typical rates.
Regional Variations in Commission Rates: Real estate agent commissions can vary significantly across different regions in the US. Generally, commission rates range between 5% and 6% of the final sale price of a property. However, it is important to note that these percentages are not fixed and can be influenced by various factors such as market conditions, property value, and local competition.
In highly competitive and densely populated areas like New York City or San Francisco, commission rates tend to be on the higher end of the spectrum. Here, agents may charge up to 6% due to the high demand for their services and the premium prices of properties. Conversely, in